Financial Wellness

Promotional offers or some may say “specials” for certificates of deposit (CDs) come with off-standard terms, generally higher rates, and often additional requirements. But before signing on for special CDs, it’s important to be diligent, read the fine print, and understand your agreement. This can help alleviate any surprises.   CD “Special” Offers  New Money  As …

Don’t Get Blindsided by High CD Rates – What to Know About CD “Specials” Read More »

Certificates of deposit are a safe way to invest your money while earning more with interest rates that are generally higher than your traditional savings account. CDs typically have a fixed-term length and fixed-term rate, with a minimum deposit required to open the account.  But there is a catch. When you open a CD, you …

What Is a CD Early Withdrawal Penalty and How Do I Avoid It?  Read More »

When to lock in CDs with high rates has been a hot topic now that the Federal Reserve’s efforts to combat inflation may be coming to an end. For retirement account holders who will receive a required minimum distribution (RMD) in 2024, now‘s the time to consider a CD to maximize retirement savings. What are …

Can I Move My RMD into a CD (Certificate of Deposit)? Read More »

There are several options to safely store money, but deciding on which option to choose is a little easier when you know you can grow your nest egg while it’s tucked away. Certificates of deposit (CDs) and money market accounts (MMAs) can do just that. They are alternatives to traditional savings accounts and are not …

Money Market Accounts (MMAs) vs. Certificates of Deposit (CDs): What’s The Difference? Read More »